DD2247 Housing Zones programme - 35 Sutherland Road
Blackhorse Road and Northern Olympic Park was designated a Housing Zone by MD1545. MD1545 delegated authority to the Executive Director of Housing and Land and the Executive Director of Resources, to approve the interventions that were to be funded following due diligence and contractually commit that funding.
The purpose of the Housing Zones programme is to increase housing supply by accelerating and/or unlocking development.
This decision seeks approval to commit a total of £250,000 of funding towards the conversion and refurbishment of the property at 35 Sutherland Road into more intensive employment use in the Blackhorse Road and Northern Olympic Park Housing Zone, thereby unlocking housing in the area.
That the Executive Director of Housing and Land and the Executive Director of Resources, having consulted with the Deputy Mayor for Housing & Residential Development approve:
- In light of the due diligence in Part 2 of this form, entering into a contractual commitment to provide £250,000 of grant funding to the London Borough of Waltham Forest to fund the intervention specified below within the Blackhorse Road and Northern Olympic Park Housing Zone; and
- the re-profiled start on site and completion dates for the delivery of the housing outputs and the funding interventions and repayment timescales as detailed in this report.